MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

MNI BRIEF: Fed's Cook Very Attentive To Labor Risks

MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A$ Outperforms On Stronger Risk Appetite

AUD
BulletMarketsForeign Exchange BulletsHomepage

Aussie has strengthened further during APAC trading today as regional equities follow the US’ Friday rally. The rise in risk appetite has resulted in AUD outperformance. AUDUSD is up 0.5% today to 0.6564, close to the intraday high, above Friday’s of 0.6554 and through initial resistance at 0.6557 opening up 0.6617. The USD is off its intraday high to be little changed on the session.

  • AUDJPY is up 1.1% to 104.63 after a high of 104.94 as selling pressure on the yen continues. USDJPY is hovering around 159-160 after a high of 160.17 earlier.
  • Aussie is up slightly versus kiwi at 1.1009. AUDEUR is up 0.3% to 0.6126 and AUDGBP +0.2% to 0.5241.
  • Equities are generally higher with the ASX up 0.7%, Hang Seng +1.7% and CSI 300 +1.5%. The S&P e-mini is 0.3% higher. Oil prices are lower with WTI down 0.8% to $83.16/bbl. Copper is up 0.6% and iron ore is around $117/t.
  • Today the April Dallas Fed manufacturing, European Commission April survey and preliminary April German CPI data print. The ECB’s de Guindos speaks later.
176 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Aussie has strengthened further during APAC trading today as regional equities follow the US’ Friday rally. The rise in risk appetite has resulted in AUD outperformance. AUDUSD is up 0.5% today to 0.6564, close to the intraday high, above Friday’s of 0.6554 and through initial resistance at 0.6557 opening up 0.6617. The USD is off its intraday high to be little changed on the session.

  • AUDJPY is up 1.1% to 104.63 after a high of 104.94 as selling pressure on the yen continues. USDJPY is hovering around 159-160 after a high of 160.17 earlier.
  • Aussie is up slightly versus kiwi at 1.1009. AUDEUR is up 0.3% to 0.6126 and AUDGBP +0.2% to 0.5241.
  • Equities are generally higher with the ASX up 0.7%, Hang Seng +1.7% and CSI 300 +1.5%. The S&P e-mini is 0.3% higher. Oil prices are lower with WTI down 0.8% to $83.16/bbl. Copper is up 0.6% and iron ore is around $117/t.
  • Today the April Dallas Fed manufacturing, European Commission April survey and preliminary April German CPI data print. The ECB’s de Guindos speaks later.